IMF chief expects members to reach $100 billion target for shifting reserves to vulnerable countries

WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Wednesday said she expects advanced economies to reach their target of shifting $100 billion of $650 billion in newly created emergency reserves to countries in need.FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes remarks at an

IMF cuts global growth outlook as supply bottlenecks hobble pandemic recovery

WASHINGTON (REUTERS) – Persistent supply chain disruptions and pricing pressures are constraining the global economy’s recovery from the Covid-19 pandemic, the International Monetary Fund (IMF) said on Tuesday as it cut growth outlooks for the United States and other major industrial powers. In its World Economic Outlook, the IMF trimmed

Yellen tells IMF's Georgieva data-rigging probe raised 'legitimate' concerns-Treasury

FILE PHOTO: Treasury Secretary Janet Yellen testifies during the House Financial Services Committee hearing in Washington, U.S., September 30, 2021. Sarah Silbiger/Pool via REUTERSWASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen told International Monetary Fund Managing Director Kristalina Georgieva on Monday that a law firm’s report into World Bank data-rigging

IMF's Georgieva wins some European backing as board debates her future

WASHINGTON (Reuters) -Some European governments on Friday backed Kristalina Georgieva to remain International Monetary Fund managing director as the IMF board debated her alleged role in a World Bank data-rigging scandal, people familiar the matter said.FILE PHOTO: World Bank Chief Executive Officer Kristalina Georgieva speaks at the annual session of

IMF sees much stronger US growth, 2021 GDP up 7.0%

WASHINGTON (AFP) – The IMF is bullish on the US economic recovery, predicting growth will hit 7 per cent this year – much stronger than previously forecast and “the fastest pace in a generation,” the Fund said in a report on Thursday. The cheery analysis is a boon to President

G7 eyes allocating $100 billion from IMF funds to COVID-ravaged nations-US

FILE PHOTO: A G7 logo is seen on an information sign near the Carbis Bay hotel resort, where an in-person G7 summit of global leaders is due to take place in June, St Ives, Cornwall, southwest Britain May 24, 2021. Picture taken May 24, 2021. REUTERS/Toby MelvilleCARBIS BAY, England (Reuters)

IMF chief says pandemic will unleash worst recession since Great Depression

WASHINGTON (Reuters) – The pandemic sweeping the world will turn global economic growth “sharply negative” in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said. IMF Managing Director Kristalina Georgieva painted a far

IMF chief says coronavirus erases hopes for stronger growth in 2020

WASHINGTON (Reuters) – The global spread of the novel coronavirus has crushed hopes for stronger growth this year and will hold 2020 global output gains to their slowest pace since the 2008-2009 financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday. The IMF now expects 2020 world

IMF chief says coronavirus erases hopes for stronger growth in 2020

WASHINGTON (Reuters) – The global spread of the novel coronavirus has crushed hopes for stronger growth this year and will hold 2020 global output gains to their slowest pace since the 2008-2009 financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday. The IMF now expects 2020 world